The rupee slipped 10 paise to 69.21 against the US dollar in the opening deals on Thursday. The domestic unit advanced 19 paise on Wednesday to close at 69.11 on strong foreign fund inflows amid the greenback's weakness against key rivals overseas.
Forex dealers said selling of the American currency by exporters supported the rupee. Moreover, IMF's bullish growth outlook for the Indian economy added strength to the local currency.
On the domestic front, inflation and industrial production number will be released on Friday, but are likely to have minimal impact on the currency. Expectation is that inflation in March